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MOTOR SICH
n
timely control of profitability level included in the cost of
products;
n
gaining real income from financial deals andmaintenance
of credit portfolio in stable convertible currencies, such as
USA dollar and Euro.
LEGAL AND
MACROECONOMIC RISKS
Motor Sich JSC, as an export-oriented company, deeply
feels deformities of current legislation, its inconsistencies
and susceptibility to changes that hinder effective foreign
economic activity. First of all, the Company regularly runs
into problems during customs clearance of goods, as well
as during obtainment of permits from the Export Control
Authorities. The Company also undergoes hardship with
timely implementation of warranty obligations on the
exported products, because of requirement to perform
additional registration of permits both for the export of
warranty service and goods for its implementation.
It is a necessity in development of new state programs and
support of current state programs designed to develop
aviation industry, as well as to stimulate expansion of
demand for aviation equipment of domestic manufacture
on the part of state purchasing programs.
Risk of investment in securities
Risk of investment in Motor Sich JSC securities, legal risks
should not be considered as significant ones. Shareholders
of Motor Sich JSC have got equal rights to influence upon
the settlement of questions regarding election of members
of management bodies or other questions that are settled
by means of voting. The Company conducts common
clear dividend policy for many years. The Company has got
stable financial status. Shares of the Company have high
liquidity level and are actively quoted at the stock
exchange markets: Ukrainian Stock Exchange and FSTS
Stock Exchange. MOTOR SICH JSC shares are the most
attractive for investors in a view of impetuous Company
development, as well as its financial stability.
Legal acts that regulate import and export of capital, and
may influence upon payment of dividends or other
payments to non-residents are well-known, and
interested parties should estimate their influence by
themselves, in view of legal framework changeability of
each of governments agents. Procedure of securities
income taxation may affect the size of yield of
shareholders. Any changes in tax legislation may affect the
current taxation procedure and, correspondingly, the size
of yield of shareholders.